Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) CEO Heather E. Brilliant Buys 600 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) CEO Heather E. Brilliant purchased 600 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average cost of $134.00 per share, for a total transaction of $80,400.00. Following the purchase, the chief executive officer now directly owns 22,819 shares in the company, valued at $3,057,746. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ:DHIL traded up $1.01 during trading on Friday, hitting $138.01. 24 shares of the stock were exchanged, compared to its average volume of 17,050. The company has a fifty day moving average price of $141.09 and a two-hundred day moving average price of $138.44. The company has a market cap of $463.61 million, a PE ratio of 12.02 and a beta of 0.56. Diamond Hill Investment Group, Inc. has a 12-month low of $124.57 and a 12-month high of $167.73.

The company also recently declared a dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, December 2nd will be paid a dividend of $9.00 per share. This is a positive change from Diamond Hill Investment Group’s previous dividend of $8.00. The ex-dividend date of this dividend is Friday, November 29th.

Several equities research analysts have recently commented on the company. BidaskClub lowered Diamond Hill Investment Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. ValuEngine raised Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Large investors have recently made changes to their positions in the company. HM Payson & Co. purchased a new stake in shares of Diamond Hill Investment Group during the 2nd quarter worth approximately $28,000. Bank of Montreal Can purchased a new stake in shares of Diamond Hill Investment Group during the 2nd quarter worth approximately $39,000. Quantamental Technologies LLC boosted its stake in shares of Diamond Hill Investment Group by 198.1% during the 2nd quarter. Quantamental Technologies LLC now owns 307 shares of the asset manager’s stock worth $44,000 after acquiring an additional 204 shares in the last quarter. US Bancorp DE purchased a new stake in shares of Diamond Hill Investment Group during the 2nd quarter worth approximately $49,000. Finally, Enterprise Financial Services Corp purchased a new stake in shares of Diamond Hill Investment Group during the 2nd quarter worth approximately $60,000. 54.91% of the stock is currently owned by institutional investors and hedge funds.

Diamond Hill Investment Group Company Profile

Diamond Hill Investment Group, Inc, together with its subsidiaries, provides investment advisory and fund administration services in the United States. It sponsors, distributes, and offers investment advisory and related services to a range of clients, such as corporations, mutual funds, retirement plans, public pension funds, endowments, foundations, financial institutions, and high net worth individuals.

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